Gold and Monetary Freedom

In 2011, when Dr. Ron Paul was running for President, he conducted an interview with Judge Andrew Napolitano. During this very short interview Dr. Paul explained how sound money, gold, is monetary freedom. We couldn’t agree more.

“I would like to legalize gold money and allow us to use gold and silver as legal tender and we could work our way back.” [to a gold standard]

This very simple plan would transform our economy within 12-18 months. The problem this plan faces, as always, are the money-junkies in Washington DC and Wall Street. In order to return to a gold standard the federal government would have to reign in the spending of our tax dollars. The future spending, deficit spending, would have to stop. Is it possible for Congress to stop handing out “freebies” to their corporate friends and stop bribing voters with entitlements? How would that work? Personally, I don’t see anyone who is currently on the government dole voting to have their “entitlements” cut off; why would they?